‘Learn from the past’: Shareholders warn Qantas against considering Alan Joyce bonuses

The Qantas board is being urged to listen to the “strong message from Qantas shareholders on bonuses”, as a third-party review decides whether former chief Alan Joyce should receive $16 million in bonuses.

The Australian Council of Superannuation Investors, which represents a number of super funds that hold more than 10% of Qantas shares, has spoken out against the bonuses, pointing out that shareholders spoke loud and clear at last year’s AGM, where they voted against paying executive bonuses.

“The 83 per cent vote against the remuneration report last year was a strong message from Qantas shareholders on bonuses,” ACSI chief executive Louise Davidson said.